If you need to sell your house fast in Dallas, whether you’ve inherited a house, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. In this guide, we will review the pros and cons of each approach to help you decide which makes the most sense for your home sale. HomeLight’s Simple Sale platform connects you to the largest network of cash buyers in the U.S. We use the information you provide about your home plus local neighborhood data to get you a convenient cash offer, allowing you to close in as little as 10 days. Simple Sale saves time in other ways since clients can skip repairs, home prep, and showings while still receiving a strong offer from our network. There are also no agent fees and you get to decide when you want to close. HomeLight was founded in 2012 and is BBB accredited with an A+ rating. The company has 4.6 stars on Google based on more than 500 user reviews. There are other ways to get a cash offer for your Dallas home. Here are a few options to consider: These cash buyers are looking for a certain type of home, so they may not be looking for a house like the one you are selling. iBuyers tend to focus on the Southern band of the U.S. and look for homes in good condition within a specific price range. House flippers look for homes they can purchase for a deal, so their cash offer will likely be less than that of an iBuyer, but they can help get a troublesome property off your hands. Here are some examples of local cash homebuyers in the Dallas market right now: Learn more about Dallas area “we buy houses” companies at this link. As with anything, there are pros and cons to selling your home quickly for cash. Not only do top agents help their clients make speedier sales, but the top 5% of agents also sell homes for up to 10% more than the average agent, according to HomeLight data. If you want to sell quickly, but you have a little more time to do it, working with an agent can provide an option to make more on the sale. More money in your pocket gives you the freedom to pay down debt, invest your extra cash, or use it for something else you may need. “Last year, every house would sell in six days. Now, it’s taking forty days just to get an offer. So even though the market is still strong in Dallas…buyers are a little choosier than they were last year, ” says Susan Melnick, a Dallas real estate agent with 38 years of experience. The median number of days on the market for a property in the DFW area has almost doubled over the past year — from 25 days in March 2022 to 46 days in March 2023. However, that median is still lower than the national median in March 2023, which was 54 days. And Dallas is one of the most desirable markets in the country. The city was named the number two market to watch for 2023, according to an Emerging Trends in Real Estate report. This is partially due to the large number of new builds Dallas has to offer. With a nationwide housing inventory shortage that’s been occurring over the past several years, the increase of DFW inventory that’s expected as more homes are built will likely draw buyers from across the country. There are also certain neighborhoods that are in higher demand. Melnick says that some of the easiest places to sell right now in the DFW metroplex include: Kessler Park, Elmwood, Lakewood, Lake Highlands, Preston Hollow, Northwood Hills, and Prestonwood. Sellers in these neighborhoods can expect to sell their houses quickly and easily. Sellers in other neighborhoods will need to do extra work to get the best offer for their property and sell fast. Here’s a snapshot of current real estate and economic conditions in Dallas: Knowing the current real estate market in Dallas gives you information you can use to get your home ready to sell quickly. In addition, a good real estate agent can provide expert perspectives on that information to give your property a boost in the selling process. When selling any home, there are a few key strategies that will always help speed up the selling process. Things like making key repairs, updating strategic parts of the home, pricing the property competitively for the market, staging the home, and marketing the sale well can all impact how quickly the home will sell (and increase the final sale price). An agent can give you advice on how to employ these strategies specifically for your property, and they can provide hyperlocal advice for your market. Use these key tips to boost the timeline for your home sale: In a shifting housing market, pricing correctly is key to generating interest in a property and bringing in competitive offers. For a fast sale, Melnick recommends Dallas sellers set a price slightly below the market. “Whatever the market is in the last sixty days — not ninety days, not four months ago, but right now — price it a little bit below market,” advises Melnick. This pricing strategy will make your listing competitive compared to other similar listings in the area. An experienced top agent will perform a comparative market analysis (CMA) to help you set the best price to sell a house fast in your market. If you’re curious about your home’s current value, try HomeLight’s Home Value Estimator. While it shouldn’t dictate your final pricing strategy, an online home value estimate can give you a ballpark price range. You can get a preliminary estimate in less than two minutes. The typical Dallas buyer is looking for certain features when they purchase a home. Popular features can be a key selling point. Make sure you highlight these. Melnick says that attributes, such as well-maintained pools, accessory units, and being in a desired neighborhood, can help with a quick sale. For example, Texans love their trucks, so a spacious garage is an appealing feature to many Dallas buyers. You can also show the strengths of your home by hiring a staging company to set up the property for showings. Doing a deep cleaning of the home and taking care of small repair projects will help get the property ready to show off. Hire a cleaning service if you aren’t able to clean the house yourself, and then maintain its tidiness while the listing is active. Do the same for your home’s exterior. Dallas agents will often advise sellers to break out the power washer to clear away Texas pollen, dust, and dirt to improve a home’s curb appeal. Melnick suggests that you or your agent hire a professional to take photos for the listing. “Make sure they’re not taken with somebody’s iPhone,” she says. And, “If the lot is large, then drone photos are called for.” According to a survey by the National Association of Realtors, 97% of homebuyers use the internet in their search for a home. That means buyers will likely first view the property via the photos and videos you post in a listing. Getting a pre-listing home inspection ahead of time can help make the sale process speedier, depending on your property. This allows you to disclose any repairs needed on the house or get them taken care of before you even list the property. It can also eliminate surprises for any potential buyer during the closing process. Hiccups like these can add to the amount of time it takes to close. If your property has an auxiliary dwelling unit (ADU), such as a mother-in-law cottage, emphasize this in your listing. If you are selling a Dallas home with large square footage, leverage this. Walkability is important for many Dallas buyers. This makes it important for sellers to highlight parks, coffee shops, and local restaurants in the neighborhood. Proximity to other services can also play a role in selling your home. Highlight if you’re near the airport for frequent travelers or close to big offices for those who are commuting to work. If you’re in a great school district, point that out for families. Dallas home shoppers love usable outdoor space. Extending your living space outdoors can be extremely appealing to buyers. Consider how you might transform your outdoor area into an attractive oasis. This might include adding a full furniture set, smoker, and television to watch the Cowboys on a Sunday night. When you are trying to sell your house fast, you may not be able to wait to list the property. But if you can wait, selling at the right time of year can drastically shorten the time it takes for a property to sell, and it can boost the sale price, too. “Prices spring in the Spring and fall in the Fall,” says Melnick. If you can list your property between March 1st and July 1st, you may have an easier selling process. HomeLight’s Best Time to Sell Calculator uses housing market data for your area to show you the best and worst months to sell your home. See when is the best time to sell a house if you want to make the most money and which months are best to sell your house fast. Whether your Dallas property is in exquisite condition or it needs quite a few upgrades, it is possible to sell your house quickly. A top real estate agent in Dallas can help you navigate the many nuances that you might not otherwise discover until you’re swamped in the process. Their organization efficiencies and marketing expertise can help you sell your Dallas house fast. If you need an even faster sale, HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition in Dallas. If you don’t have the time or the means to prepare your home or move through the traditional listing process, you can skip the repairs and showings and close in as few as 10 days. Complete a short questionnaire and receive a no-obligation cash offer within a week. Understand your timeline to sell, so you can choose the best strategy to sell your house fast in Dallas. If you’re unsure about the right option, start by talking to several cash buyers and real estate agents. Header Image Source: (Benton Witcher / Unsplash)Option 1: Sell your Dallas house fast for cash
Who else will buy your Dallas house for cash?
Cash buyers in Dallas
Pros and cons of selling your Dallas house for cash
Pros
Cons
Option 2: Work with a top agent to sell fast in Dallas
How fast are homes selling in Dallas?
Median days on the market
46
Median home price
$394,600
Year-over-year median home price change
+ 0.46%
Total active listings (February 2023)
15,753
Total sales (February 2023)
6,740
Dallas population growth
+1.33%
9 strategies to sell a house fast in Dallas
1. Set your price slightly below the market
2. Market the strengths of your property
3. Make sure it’s clean and tidy
4. Get professional photos
5. Consider a pre-listing inspection
6. Promote additional space for lodging
7. Advertise your neighborhood’s walkability
8. Showcase your outdoor area
9. Sell the house at the right time of year (if possible)
Ready to sell your Dallas home?